Tunisia: Conect Preparing to Create Group of Alternative Energy Producers

Tunis/Tunisia — The Confederation of Tunisian Citizen Enterprises (CONECT) is preparing to create a group of alternative energy producers, a member of the executive board of CONECT Abdessalem Ben Rejeb said on Saturday,

This group will seek to promote investment in renewable energy, Ben Rejeb said as part of a visit made to the photovoltaic plant of Tozeur 2, by a group of businessmen and representatives of funding organizations (Caisse des Dépôts et Consignations, the World Bank, European Investment Bank, International Union of Banks).

The visit was followed by a conference on "Renewable Energy, Challenges and Opportunities"

CONECT President Tarek Cherif called on the government to reassure investors and grant them the necessary incentives to promote investment in renewable energy.

"Renewable energy is a promising sector given the solar potential Tunisia has. It should be fully tapped,» Cherif said.

Funding and bureaucracy are the two main obstacles for investment in renewable energy, he pointed out.

The CONECT President urged the State to remove all kinds of obstacles and boost investment in renewable energy.

Director General of the «Caisse des Dépôts et Consignations» (CDC), Boutheina Ben Yaghlane, expressed her Fund's readiness to finance investment in renewable energy.

The installed capacity in renewable energy in Tunisia is estimated at 400 megawatts and represents only 3% of electricity production against 30% planned for 2030, according to data received by TAP.

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